JPMorgan Chase & Co. increased its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 176.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,779 shares of the financial services provider’s stock after buying an additional 335,341 shares during the period. JPMorgan Chase & Co. owned about 1.40% of Greenlight Capital Re worth $6,520,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Aperio Group LLC lifted its stake in Greenlight Capital Re by 53.9% during the second quarter. Aperio Group LLC now owns 23,317 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 8,170 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Greenlight Capital Re by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 33,325 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 5,078 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Greenlight Capital Re in the 2nd quarter valued at about $356,000. BlackRock Inc. lifted its stake in shares of Greenlight Capital Re by 26.6% in the 2nd quarter. BlackRock Inc. now owns 2,513,604 shares of the financial services provider’s stock valued at $35,693,000 after acquiring an additional 527,963 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Greenlight Capital Re by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,538 shares of the financial services provider’s stock valued at $33,008,000 after acquiring an additional 39,171 shares during the last quarter. 50.22% of the stock is owned by institutional investors and hedge funds.
NASDAQ GLRE opened at $9.37 on Friday. Greenlight Capital Re, Ltd. has a 1-year low of $9.34 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 2.82.
A number of equities research analysts have recently weighed in on GLRE shares. BidaskClub raised Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. ValuEngine raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.50.
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Greenlight Capital Re Company Profile
Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.
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